Brunswick’s civic heart continues to consolidate around the Merri-bek Arts and Culture Precinct, where a growing cluster of cultural institutions, recreation facilities, and public infrastructure has created one of the inner north’s most defined community hubs.&nbsp;

Within this evolving precinct, <a href="https://www.apartments.com.au/new-apartments/saxon-street-by-milieu-brunswick-31-saxon-street-brunswick-vic-3056">Saxon Street by Milieu</a> introduces new housing directly alongside the civic anchors that shape daily life in the suburb.

At 31 Saxon Street, the project sits immediately beside Brunswick Baths and within moments of Brunswick Library and Town Hall, longstanding institutions that support both community services and everyday amenity.&nbsp;

[smartcode_project:default project_id=136434 project_image_fid=348840]

Next door, the newly delivered Balam Balam Place arts precinct has emerged as a central piece of Merri-bek Council’s cultural strategy, bringing together creative studios, exhibition spaces, maternal and child health services, and community programming in a purpose-built civic facility. Together, these destinations have reinforced the surrounding blocks as a focal point for public life in Brunswick.

This part of <a href="https://www.apartments.com.au/developments/brunswick-vic-3056">Brunswick</a> forms a key pocket within the suburb’s designated Major Activity Centre, where long-term planning has prioritised walkability, civic investment, and increased housing supply close to transport and services. The surrounding street network reflects that strategy, with compact blocks, established retail corridors and active transport links supporting a lifestyle that is largely navigable on foot.

Within a few minutes’ walk, Sydney Road delivers one of Melbourne’s most recognisable streets, known for its long-running mix of independent retailers, international dining venues and everyday convenience. Tram routes along Sydney Road provide frequent connections south toward the CBD and north through Brunswick and Coburg, while Jewell Station on the Upfield line sits within roughly a ten-minute walk, offering direct train access into the city.

[smartcode_project:default project_id=136434 project_image_fid=348839]

Active transport also plays a significant role locally. The nearby Upfield Bike Path forms a key north–south cycling corridor linking Brunswick through Parkville and into the central city, reinforcing the area’s reputation as one of Melbourne’s most accessible inner-urban neighbourhoods for cyclists and pedestrians alike.

The surrounding civic cluster extends beyond cultural infrastructure. Siteworks, a nearby creative hub supporting artists and community organisations, adds to the concentration of cultural activity in the immediate area. Educational institutions such as Brunswick North Primary School, Brunswick Secondary College and RMIT’s Brunswick campus are also within easy reach, contributing to the suburb’s diverse resident base spanning families, students and professionals.&nbsp;

[smartcode_project:default project_id=136434 project_image_fid=348841]

Designed by <a href="https://www.apartments.com.au/architects/jackson-clements-burrows-architects">Jackson Clements Burrows Architects</a> in collaboration with <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> and landscape architects <a href="https://www.apartments.com.au/landscape-architect/oculus">OCULUS</a>, the nine-level building has been shaped to respond to the surrounding streetscape, with lower levels aligning to the street and upper storeys stepping back to soften its scale and improve solar access.&nbsp;

Curved balcony forms reference nearby heritage architecture, while the development’s public realm improvements include a widened footpath along Saxon Street to strengthen pedestrian connections between the precinct’s civic sites.

Sustainability also underpins the project’s approach. The building is designed to operate entirely on electric infrastructure supported by rooftop solar, with an average 7.5-star NatHERS energy rating and EV-charging readiness across the development. Shared resident amenities will include a landscaped rooftop terrace with barbecue and covered dining areas intended to encourage informal interaction between residents.

Saxon Street marks developer Milieu's fifth project in Brunswick and continues its focus on design-led infill housing across Melbourne’s inner suburbs.&nbsp;

Construction has commenced through reputable builder Manresa, who will complete the project in 2027.

[smartcode_project_cta:default project_id=136434]

Joel Robinson

Saxon Street by Milieu connects residents to Brunswick’s cultural and civic core

Within <a href="https://www.apartments.com.au/new-apartments/candela-ivanhoe-40-upper-heidelberg-road-ivanhoe-vic-3079">Candela Ivanhoe</a>, <a href="https://www.apartments.com.au/developers/salter-brothers">Salter Brothers</a>&nbsp;takes a different approach to larger residences, moving away from the constraints of a single level.

In Grand Residence 3.05, known as the Lustre, plays out across two levels, with a mezzanine configuration that is uncommon in apartment living.

Lustre is a four-bathroom residence where the layout creates a clear distinction between shared and private zones, with uninterrupted views toward the Dandenong Ranges extending the sense of openness from the main living areas.

Entry is to the primary living level, where the kitchen, dining, and living areas are arranged as one continuous space. Timber flooring runs throughout, with a fireplace set within the living zone. Full-height glazing brings in natural light, supported by double glazing that improves thermal performance.

[smartcode_project:default project_id=342 project_image_fid=357506]

The kitchen is configured as both a working and social space. A large island bench provides seating, while a walk-in pantry extends storage beyond typical apartment expectations.

Gaggenau appliances, including a 900mm gas cooktop and 600mm oven, are integrated into a layout that connects directly to the adjacent dining and living areas, and outward to the terrace. This balcony includes a built-in BBQ, reinforcing the apartment’s capacity to accommodate larger gatherings without compromising internal space.

A dedicated laundry room, powder room, and a wine cellar area sit discreetly off the main living zone, ensuring that functional requirements are resolved without encroaching on primary living areas. The master suite is also located on this level, designed as a retreat with a walk-through wardrobe and an ensuite that includes double vanities, a bath, and a dedicated dressing table.

[smartcode_project:default project_id=342 project_image_fid=357508]

The mezzanine level introduces a second layer of living, rather than simply additional bedrooms. Two large bedrooms with built-in robes are positioned alongside a central bathroom, while a secondary lounge and study area create a self-contained zone suited to children, guests, or extended family. A large storage room further supports long-term usability, addressing a common shortfall in apartment design.

This separation of levels is central to how the residence functions day-to-day. It allows the lower level to operate as the primary entertaining and living space, while the upper level provides privacy and flexibility. The result is closer in feel to a townhouse or standalone home, but with the benefits of apartment living, security, and low maintenance.

[smartcode_project:default project_id=342 project_image_fid=364553]

Candela is close to 80 per cent complete, with Ironside delivering construction ahead of its expected October 2026 completion. The development comprises 58 residences, with a strong owner-occupier profile and a mix of one to four-bedroom apartments and loft-style townhouses.

Candela has exclusive access to private amenities, including a residential lounge and rooftop terrace. A charming café and a lifestyle wellness centre are located on the ground level, designed to foster community connection and extend the living experience beyond individual apartments without competing with the scale of homes like Lustre.

Candela, positioned in the heart of Ivanhoe Village, reinforces the practicality of the address. With a Walk Score of 90, residents are within immediate reach of cafés, retail, parklands, and Ivanhoe Station, while also benefiting from proximity to established schools and healthcare services.

[smartcode_project_cta:default project_id=342]

Inside Lustre: Grand Residence 3.05 at Candela Ivanhoe

<a href="https://www.apartments.com.au/developers/milieu-property">Milieu</a>’s <a href="https://www.apartments.com.au/new-apartments/elsternwick-gardens-by-milieu-8-gordon-street-elsternwick-vic-3185">Elsternwick Gardens</a> is being shaped around a simple but increasingly rare premise in apartment development: that the built environment should actively support residents’ wellbeing.&nbsp;

Located on the former ABC Studios site on Gordon Street in Melbourne’s south-east, the new neighbourhood sits on an expansive 11,740 sqm site neighbouring the heritage-listed Rippon Lea Estate, whose gardens date back more than 140 years.

Rather than positioning wellness as an add-on amenity, the development integrates it into the physical planning of the site. Architecture by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> is arranged across six low-rise buildings set within extensive landscaping designed by <a href="https://www.apartments.com.au/landscape-architect/oculus">OCULUS</a>, with more than 40 per cent of the land dedicated to gardens and green space. Walking trails, pocket gardens, and mature trees are threaded between buildings, creating a network of green corridors that encourage residents to move through the precinct on foot and spend more time outdoors.

[smartcode_project:default project_id=136535 project_image_fid=288420]

Milieu has intentionally framed these gardens as an extension of the neighbouring Rippon Lea Estate. More than 16,000 new plants will be introduced across the site, with species carefully selected to protect and complement the area’s ecological significance. The approach focuses on strengthening existing environmental conditions while establishing new habitats that support native wildlife, reinforcing the role of the landscape as both an active ecosystem and a defining element of daily life.

A private resident gate will provide direct access to the historic grounds during opening hours, allowing residents to move seamlessly between the development’s landscaped gardens and the estate’s expansive lawns, lakes, and mature trees. The project’s gardens will also be maintained by the same gardeners responsible for Rippon Lea, reinforcing the visual and ecological continuity between the two landscapes.

Complementing the landscape is a dedicated wellness hub designed to support everyday health and recovery. Residents will have access to a gym alongside yoga and Pilates studios, while mineral pools and infrared saunas provide spaces for relaxation and restorative wellbeing. Shared lounges, workshop spaces, and pet care facilities expand the concept of wellness beyond fitness, creating opportunities for social connection and community interaction within the precinct.

Environmental performance is another key component of the project’s wellbeing focus. Elsternwick Gardens will be entirely fossil-fuel-free, with homes designed to operate on renewable electricity rather than gas. Passive design strategies, including cross-flow ventilation, high-performance insulation, and thermally broken double glazing, are intended to maintain comfortable indoor temperatures while reducing energy demand. Solar photovoltaic systems will power common building services, while rainwater harvesting will help irrigate the extensive landscaping across the site.

[smartcode_project:default project_id=136535 project_image_fid=361030]

Milieu Founder and Managing Director Michael McCormack says the scale and setting of the project allowed the team to take a different approach to urban apartment living.

“This site represents a once-in-a-lifetime opportunity to build something truly special,” McCormack says.

“Through that process, we arrived at a design that centres on a fully realised natural landscape – a series of private, interconnected gardens that encircle the homes and extend seamlessly from Rippon Lea Estate.”

Elsternwick Gardens will comprise three residential offerings, Gordon Place, Ripponlea Terrace, and The Garden Pavilion, each designed for owner-occupiers and shaped around high-quality interior design by Woods Bagot, K.P.D.O., and Flack Studio. The first stage, Gordon Place, includes one-, two-, and three-bedroom apartments designed with a strong focus on indoor-outdoor living and sustainability.

[smartcode_project:default project_id=136535 project_image_fid=288412]

Milieu recently appointed <a href="https://www.apartments.com.au/builders/brady-constructions">Brady Constructions</a> to deliver the project, marking a key milestone for the development. The appointment follows the demolition of the former studio buildings on the Gordon Street site, with construction progressing toward the delivery of the nature-led community.

Situated between the established villages of Elsternwick and Ripponlea, the development balances its garden setting with strong urban connectivity. Residents will be within walking distance of cafés, restaurants, and local retail, while nearby train and tram connections provide quick access to Melbourne’s CBD and the beaches of Elwood and St Kilda.

With construction underway and the first residents expected to move in by early 2027, Elsternwick Gardens represents a growing shift in apartment development toward environments that prioritise wellbeing as much as density or location. By placing landscape, sustainability, and shared spaces at the centre of the design, Milieu is positioning the project as a residential neighbourhood where wellness is not just promoted, but built into the structure of everyday life.

[smartcode_project_cta:default project_id=136535]

Elsternwick Gardens' wellness-first design strategy

Brisbane-based developer <a href="https://www.apartments.com.au/developers/red-co">Red &amp; Co</a> has made a striking debut on the Gold Coast, officially unveiling its $250 million COMO development in Varsity Lakes, a lifestyle-driven residential project anchored by an extensive rooftop wellness and activity precinct.

Having recently launched to market, construction has already been fast-tracked by <a href="https://www.apartments.com.au/builders/5point-projects">5Point Projects</a>, ensuring momentum continues on what is set to become a landmark residential address for the growing Varsity Lakes community.

Located at 22 Lake Street, Varsity Lakes, <a href="https://www.apartments.com.au/new-apartments/como-varsity-lakes-22-lake-street-varsity-lakes-qld-4227">COMO</a> will comprise 156 apartments across 16 levels, comprising one-, two- and three-bedroom residences designed for modern living. However, it is the project’s rooftop amenity offering that sets COMO apart.

[smartcode_project:default project_id=135546 project_image_fid=363510]

Designed as a dedicated wellness and recreation hub, the rooftop will feature a 25-metre lap pool, fully equipped gymnasium, and multiple pickleball and paddleball courts - amenities rarely seen in boutique apartment projects.

Residents will also have access to a sauna and plunge baths, while landscaped gardens and relaxation zones will provide tranquil spaces overlooking sweeping panoramic views across the Gold Coast skyline.

The rooftop precinct has been designed to function as the social and wellness heart of the development, encouraging residents to embrace an active, balanced lifestyle within their own building.

&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363512]

Red &amp; Co director David Laverty said the amenity offering was central to the project’s design from the outset.

“Amenities were at the forefront of our decisions,” Laverty said.

“Buyers today are looking for more than just an apartment - they want a lifestyle that promotes health, connection and balance.

“The rooftop at COMO has been designed to be the epicentre of that lifestyle, with a suite of wellness and recreation facilities that are quite unique for a boutique development of this scale.”

&nbsp;

[smartcode_project:default project_id=135546 project_image_fid=363514]

Designed by <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, the residences prioritise liveability, featuring spacious layouts, 2.7-metre ceilings and high-quality finishes throughout.

The development sits beside Bond University, placing residents within walking distance of education, retail and dining options within the vibrant Varsity Lakes precinct, including Robina Town Centre, Varsity Lakes Train Station and a range of leading schools.

[smartcode_project:default project_id=135546 project_image_fid=363511]

Laverty said the location was a key driver behind Red &amp; Co’s decision to bring the project to the Gold Coast.

“<a href="https://www.apartments.com.au/developments/varsity-lakes-qld-4227">Varsity Lakes</a> was a clear choice for us to invest in as it’s a lifestyle hub that seamlessly blends lakeside living with urbanity,” he said.&nbsp;

“Como will capitalize on this great location, delivering a project that not only creates premium homes, but a lifestyle defined by community, wellbeing, and connectivity.”

Red &amp; Co has delivered more than 500 apartments and townhouses across 26 projects in Brisbane in recent years, with COMO marking the company’s first major Gold Coast development.

[smartcode_project_cta:default project_id=135546]

Red & Co unveils amenity-rich Como development in Varsity Lakes

Gold Coast developer&nbsp;<a href="https://www.apartments.com.au/developers/big-projects">Big Projects</a> has secured approval for its second Mermaid Beach project.

The developer, currently selling <a href="https://www.apartments.com.au/new-apartments/the-frederick-mermaid-beach-2265-gold-coast-highway-mermaid-beach-qld-4218">The Frederick in Nobby Beach</a>, has secured approval for its next project just 1.5 kilomnetres up the road.

The new development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/glenelg-residences-2462-2472-gold-coast-highway-mermaid-beach-qld-4218">Glenelg Residences</a>, has been designed by BDA Architecture and&nbsp;will have just under 100 apartments across an 11-storey building&nbsp;at 2462–2472 Gold Coast Highway, on the corner of Glenelg Avenue just under 300m from the future Mermaid Beach Light Rail stop.

The apartments, a mix of two- and three-bedrooms, will sit above a retail-focused ground plane and under extensive rooftop resident amenities.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screen%20Shot%202024-06-11%20at%209.55.04%20am.png?VersionId=z6NV4izeuvhBSSVlY6vK6TPO1LxrFeaG" />

BDA said in its planning submission that the project is intended to support the area’s transition toward higher-density, mixed-use living. “This project offers the opportunity to generate appropriate higher-intensity development within the future Light Rail corridor of <a href="https://www.apartments.com.au/developments/mermaid-beach-qld-4218">Mermaid Beach</a>,” the submission noted.

At ground level, Glenelg Residences will include eight retail tenancies designed to activate the street frontage, complemented by a basement bar offering an additional hospitality element. Above, residents will have access to a rooftop amenity deck featuring an infinity pool, hot and cold plunge spas, day beds, and barbecue facilities.

The architectural approach adopts a restrained material palette of brick, textured concrete, and integrated landscaping, with cantilevered concrete frames and cascading planting intended to soften the built form. BDA described the design as aiming to create “a memorable sculptural mid-rise mixed-use building” that responds to both its coastal setting and urban context.

<img alt="Exclusive: Big Projects plot Mermaid Beach apartment development, Glenelg Residences" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screen%20Shot%202024-06-11%20at%209.55.45%20am.png?VersionId=cpjIVBqcT_sujmo2UMWkVyLcQ7WGJHaQ" />

The approval comes as the City of Gold Coast continues to plan for significant population growth, with regional targets requiring more than 100,000 new high-density dwellings by 2046.

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Big Projects, led by Matthew and John Barrett, is part of a growing cohort of developers that deliver construction in-house, providing a high level of confidence to prospective purchasers.
</section>

[smartcode_project_cta:default project_id=150260]

Big Projects secures approval for Glenelg Residences in Mermaid Beach

South Sydney

Often compared against some of the greatest cities in the world, Sydney boasts great employment opportunities, stunning beaches and diverse cultural offerings.

The city&rsquo;s southern suburbs are undergoing great transformation, delivering a family-friendly atmosphere, budding gentrification and affordable housing.

Two of Michael Yardney&rsquo;s top 15 suburbs to invest in this year are located in the region, Bexley and Kogarah, displaying the great investment opportunities on offer for homebuyers, investors and downsizers.

With many brand-new developments now on the market, Urban takes a look at five new one-bedroom apartments available in Sydney&rsquo;s southern suburbs under $599,000.

1. Bloom Arncliffe 
Address: 213 Princes Highway, Arncliffe NSW 2205 
One-bedroom apartments from $595,000

[smartcode_project:default project_id=6201 project_image_fid=89013]

Situated in Sydney&rsquo;s south, Bloom boasts a collection of 318 residences in one, two and three-bedroom configurations.

Developed by Wingate, the project spans seven buildings and features ground-floor restaurants and retailers for the convenience of residents, as well as views over Botany Bay and private entertaining balconies.

Each apartment, designed by Stephen Bowers Architects, offers floor-to-ceiling windows, a dedicated study room, and the latest appliances.

2. Kogarah Grand 
Address: 78 Regent Street, Kogarah NSW 2217 
One-bedroom apartments from $599,000

[smartcode_project:default project_id=13642 project_image_fid=154104]

Delivered by Modern Developments, Kogarah Grand offers all of the vibrancy and convenience of urban living with a selection of one, two and three-bedroom apartments.

Situated in the heart of Kogarah village, the apartment building is immersed in a transforming community with renowned beaches, retail centres and great schools.

The architecturally designed building features floor-to-ceiling windows, views across Monterrey and Brighton-Le-Sands, and spacious living rooms.

3. Slate Caringbah 
Address: 2-4 Hinkler Avenue, Caringbah NSW 2229 
One-bedroom apartments from $575,000

[smartcode_project:default project_id=7724 project_image_fid=26030]

Set over five floors, Slate is the newest south Sydney offering from developers Bexgrove.

Designed by PSEC Project Services, the project features one, two and three-bedroom apartments with private courtyards, native landscaping and premium finishes.

Carefully designed, the project boasts a north-east facing fa&ccedil;ade, bold geometric architecture, spacious open-plan interiors and a stylish integration of natural materials.

Slate delivers residents an idyllic lifestyle in an exceptional beachside location, with a rare combination of coastal amenity and central living.

4. The Mitchell, Jannali 
Address: 11-15 Mitchell Avenue, Jannali NSW 2226 
One-bedroom apartments from $565,000

[smartcode_project:default project_id=7393 project_image_fid=44135]

Located in the tranquil Jannali, the Mitchell is moments away from local offerings and Cronulla&rsquo;s vibrant beach culture.

Delivered by Truland, the complex features a collection of one, two and three-bedroom residences that boast contemporary living at an affordable price.

A sophisticated design defines this project, with stone finishes, landscaped greenery and open-plan living.

The homes, designed by PBD Architects, also feature sunlit terraces, floor-to-ceiling glass and views of Jannali&rsquo;s natural surrounds.

Sydney's southern suburbs are undergoing great transformation, delivering a family-friendly atmosphere, budding gentrification and affordable housing

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July 2021: Four brand-new apartments in South Sydney under $599,000

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The south, like the rest of Sydney, had a strong end to 2019 after a sluggish start to the year, according to the latest Herron Todd White (HTW) residential report. 
The valuation firm asked their valuers to give an educated outlook on the residential market in their service areas.
"We are expecting property prices to continue to increase in 2020 across all property types and price points. Current levels of stock on the market continue to be below average, although are likely to increase as the year progresses," the valuation firm stated. 
In the Domain Livable Sydney study released in November last year, a number of suburbs in the Sutherland Shire made it into the top 100 suburbs with Jannali (13th) and Sutherland (18th) mixing it with some very well-known prestige harbourside suburbs at the top of the list.
"Median prices in the Sutherland Shire region dropped more than the Sydney average during the decline, however there is already evidence that property prices have rebounded quickly since the federal election last May," the valuation firm said. 
A property at <a href="https://www.realestate.com.au/sold/property-house-nsw-jannali-129721090" target="_blank">21 Charles Place, Jannali</a> (pictured below) sold in May 2019 for $1.195 million after 187 days on the market.
The property resold in the same condition in November after just 11 days on the market for an undisclosed price slightly above $1.3 million, representing a 10 percent increase within a six month period.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/10/jannali.jpg" alt="">
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There still appears to be some good opportunities with a number of suburbs along the railway line having a median house price at or below the million dollar mark, according to realestate.com.au data. 
Engadine ($900,000), Sutherland ($962,000) and Loftus ($980,000) have median house prices below $1 million, whilst Kirrawee ($1,007,500) and Jannali ($1.010 million) sit just above that mark.
These suburbs already enjoy a railway station with travel times of less than 40 minutes to the CBD during peak times and longer term will benefit from Stages 2 and 3 of the F6 Extension, should they be given the green light by the New South Wales state government.
In the St George area, Riverwood ($879,000), Narwee ($985,000) and Arncliffe ($1.005 million) provide a similar opportunity to purchase near a railway station in this price range. 
Adjacent to Sydney Airport and the M5 Motorway and only 11 kilometres from the CBD, Arncliffe provides an affordable alternative to its neighbouring suburbs including Banksia ($1.065 million), Rockdale ($1,080,500), Tempe ($1,117,500) and Bardwell Valley ($1.15 million).
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The report notes the Sutherland Shire experienced a spike in new unit development completions over the past 12 to 18 months. 
This caused an oversupply of units, particularly along the corridor between Kirrawee and Caringbah, which put downward pressure on both prices and rents. 
In September last year, a two-bedroom, two-bathroom unit in a complex at <a href="https://www.realestate.com.au/sold/property-house-nsw-miranda-105528387" target="_blank">9 Urunga Parade, Miranda </a>(pictured below) sold for $700,000 after originally being purchased off the plan in April 2017 for $719,040.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/2/10/miranda.jpg" alt="">
"Whilst this type of product does still need to be treated with some caution, the drop off in supply of new units currently under construction will allow demand to begin to catch up and we expect prices in this market to begin to improve in 2020 as well," the valuation firm stated. 
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j.ballantyne1990-6AQqhLzZaK

South Sydney property prices expected to continue growing in 2020: HTW residential 

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The South Sydney industrial property market is undergoing an internal makeover, as warehouses are being converted throughout the Alexandria region to higher end functional buildings.
According to Edward Washer, Director, Head of South Sydney, Industrial and Logistics at Savills Australia, given its prime location to the CBD, airport, Eastern Suburbs and Inner west, South Sydney’s typical industrial buildings/sites are being adaptively converted into commercial, retail and residential.
Mr Washer said, “recent examples include 29-31 O’Riordan Street, Alexandria – an industrial building which has undergone a full refurbishment into a retail/commercial precinct and is home to Meat Emporium, Liquor Emporium, and more uniquely, Notaras Seafood restaurant."
“It’s not often a restaurant is built inside a warehouse, but if you look at what The Grounds of Alexandria did to their fit out space, it’s no surprise this is the way of the future for city fringe industrial warehouses, he added"
Another example includes 37-41 O’Riordan Street, Alexandria (City Close) – a traditional modern industrial estate going through adaptive refurb for commercial style tenants due to the demand, with the head offices of Koala Mattresses signing a 5 year lease and Dimeo Cleaning signing a 1 year.
Hayesbury, at 5 Hayes Road, Rosebery, is a traditional older style industrial site that Goodman are refurbishing into a high-end commercial space. Under construction at the moment however no tenants yet to commit.
The first property in 2020 to hit the market for sale is 1 Gillespie Avenue, Alexandria, a circa 20 year old industrial warehouse with a portion refurbished to a creative office, done so by the current tenant and fit out company, Intermain.
According to exclusive sales agents, Edward Washer and Sam Wallace of Savills Australia, the freestanding warehouse is a rarity in this market and is likely to be snapped up by either high net worth privates, property funds or institutions.
Edward Washer, Director, Head of South Sydney, Industrial and Logistics at Savills Australia said, “this is an extremely unique, flagship property and is on trend with what we have seen over recent years; warehouse conversions to office, retail, showroom or higher and better uses/occupiers."
“The strong tenant covenant adds further depth to the property’s appeal, given the reputation of Intermain and quality of the fit out” he said.
The holding, 1 Gillespie Avenue, Alexandria, is for sale via expressions of interest closing April 1 2019.
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South Sydney warehouse conversions perform strongly: Savills

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EXPERT OBSERVATION
Connecting one of the missing links in Sydney’s motorway network is a step closer to delivering benefits to the residents and businesses of Sydney’s south and the Illawarra.
From tomorrow, companies vying to build the underground motorway from Arncliffe to Kogarah, now known as M6 Stage 1, can express their interest in a project expected to create 5,300 jobs throughout its life.
Premier Gladys Berejiklian said the M6 Stage 1 would make journeys easier and safer by avoiding roads such as President Avenue and The Grand Parade – and save motorists up to 15 minutes in traffic.
“Once complete, the new M6 will provide significant time travel savings for Sydney’s south and the Illawarra. More than 2,000 trucks a day will be removed from local streets and 23 sets of traffic lights bypassed,” Ms Berejiklian said.
The M6 Stage 1, previously known as the F6 Extension, includes four kilometre twin tunnels between the new M5 Motorway at Arncliffe and President Avenue at Kogarah.
Roads Minister Andrew Constance said the M6 Stage 1 would provide relief for motorists around Kogarah and Brighton-le-Sands.
“That’s why we are pleased to be moving forward with this congestion-busting infrastructure which will help get commuters home with their families sooner and spend less time stuck in traffic,” Mr Constance said.
Travel-time savings during the morning peak (when used with other motorway connections) include:
1. Kogarah to ANZAC Bridge – up to 15 mins 2. Miranda to Macquarie Park – up to 15 mins 3. Kogarah to South Sydney – up to 13 mins  4. Taren Point to Mascot – up to 12 mins  5. Kogarah to Sydney CBD – up to 8 mins
It is expected that a contract will be awarded in December 2020, construction will begin by early 2022 and open to motorists by the end of 2025.
CHRIS JOHNSON is the CEO of the Urban Taskforce
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Sydney's South on the move with the new M6: Chris Johnson

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Sutherland and Sydney inner south-west regions continued to witness median house prices declines, according to the latest Herron Todd White (HTW) residential report.  
According to Corelogic, Sydney has six of the 10 sub-regions which have shown the largest decline in dwelling values in the year to April.
Two of those are in Sydney’s south with the Sutherland and inner south-west (St George and Bankstown) areas showing 12.2% and 14.9% decline in dwelling values in the 12 months to April.
The Bass Hill/Georges Hall (-19.4%), Panania/ Milperra/Picnic Point (-18.9%) and Revesby (-18.5%) regions appear to have experienced the biggest declines during this period, according to CoreLogic data.
These suburbs continued to experience declines in their median house prices during the first quarter of 2019 of between 1.2% (Picnic Point) and 5.6% (Revesby), with only Milperra bucking the trend with a slight 0.5% increase in its median house price (source: realestate.com.au).
<a href="https://www.propertyobserver.com.au/images/2019/6/19/southern%20syd.jpg" target="_blank">Click here</a> to enlarge: 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/19/southern%20syd.jpg" alt="">
In the Sutherland Shire, Miranda/Yowie Bay has been listed as one of the poorer performing regions in Sydney with a median drop of 17.8% in the 12 months to April.
"Miranda has had a recent increase of units flooding the market with a few large unit developments reaching completion this quarter," the HTW report noted. 
Real estate agents have noted that this has also affected the rental market with a larger number of units all available for rent at the same time.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/19/miranda%20.jpg" alt="">
A new two bedroom apartment situated in the heart of Miranda has been listed for lease from $550 per week. 
The apartment at 10 Pinnacle Street (pictured above) comes with open plan living, two oversized bedrooms, gourmet kitchen and private balconies with district views.
Other features include ducted air conditioning, oversized bathrooms, and single allocated car spaces plus storage cafe.  
"Not all suburbs and property types are seeing a decline however," the HTW report said. 
"The Cronulla housing market has remained stable for the March quarter at $2.25 million."
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/19/cronulla%201.jpg" alt="">
A four bedroom Cronulla house with a 15 metre frontage was sold for $2.1 million in March.
Occupying a 645 square metre level parcel, the single level home at <a href="https://www.realestate.com.au/sold/property-house-nsw-cronulla-130426482" target="_blank">13 Kirkwood Road</a> (pictured above) comprises three bedrooms, optional 4th bedroom or study, separate lounge and dining rooms, and covered timer deck overlooking the yard. 
It's close to an array of local amenities including schools, golf courses, shops and transport, and just minutes away Wanda Beach. 
The Cronulla unit market however has dropped from a median price of $900,000 in December 2019 to $875,000 in March 2019, according to realestate.com.au.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/19/cronulla%202.jpg" alt="">
A current listing is a two bedroom beachside apartment priced at $749,000.
Set within a small complex, the apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-cronulla-131178666" target="_blank">6/20 Ewos Parade </a>(pictured above) comprises two bedrooms, kitchen with breakfast bar, combined living and dining room, and north facing balcony. 
It is close to local shops, parks and transport.
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Sutherland housing values decline sharply: HTW residential

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A vacant block of land at Menai in the Sutherland Shire has sold for $955,000, going backwards on its sale last year.
The 818 sqm building block in Anderson Ridge, one of the Shire's new estates, fetched $980,000 in 2017.
Joshua Singer from Purplebricks sold the property this time round after seeking $1.05 million. It took 111 days to sell, with the price revision to $1.02 million prompting a sale.
The block at<a href="https://www.realestate.com.au/sold/property-residential+land-nsw-menai-202038382" target="_blank"> 39 Anderson Place</a> has a rear-to-north aspect and sits nearby Menai's entertainment hub and Alford’s Point.
The southern Sydney block lies near the Georges River National Park.
The precinct is surrounded by bushland and waterfront reserve. The land sold for $640,000 in 2015 when bought from the developer.<a href="https://www.propertyobserver.com.au/http://raywhitemenai.com.au/properties/sold-residential/nsw/menai-2234/land/1701806" target="_blank"> </a>
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Loss taken on Menai dream home building block resale 

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Like other parts of Sydney, investor demand has declined in recent months in Southern Sydney, while home owners are generally remaining active in the market, according to the valuation firm Herron Todd White.
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First home buyers generally budget up to $1,000,000, which generally restricts property options to units, villas and townhouses. 
There are a number of new unit developments in the Sutherland Shire which are attractive for rst home buyers including those at Woolooware Bay and the South Village development currently under construction at Kirrawee. 
For the latter, 1-bedroom units are selling off the plan for between $600,000 and $700,000, and 2-bedroom units for between $680,000 and $900,000, HTW noted.
First home buyers, downsizers and young professionals were prominent in the successful sales weekend of Crest at Woolooware Bay.
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Upsizers and families require a budget of $1 million up to $3 million in more popular beachside and riverside suburbs. 
Duplex properties are becoming increasingly attractive, allowing a more affordable option of a good sized modern home on a smaller low maintenance block of land. 
The valuation firm noted a sale at 32B Carabella Road, Caringbah, which sold for $1.562 million in August, comprised a new two storey semi- detached duplex with 4-bedrooms, 2-bathrooms and 1-car garage on a 280 square metre lot. 
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Southern Sydney FHBs spending up to $1 million

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The total value of South Sydney commercial property sales decreased for the quarter to December 2016, according to CoreLogic’s South Sydney Cityscope report.
The property data firm says that 48 sales recorded in the most recent quarter totalled $411.3 million.
This compares to the $512.7 million from 58 sales in the quarter to September 2016 and the $276.7 million from 39 sales recorded in the quarter to June 2016.
In total there were 196 sales totalling $1.487 billion over 2016, an increase from the $1.260 billion from 403 sales recorded for the previous year.
The table below shows sales recorded for the past eight updates of South Sydney Cityscope:
<a href="https://www.propertyobserver.com.au/images/2017/01/23/South%20Sydney-1.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/23/South%20Sydney-1.jpg" alt="">
Notable sales in the December 2016 update of South Sydney Cityscope include:
<ul>
<li>Alexandria Creative Park, also known as <a href="https://www.realcommercial.com.au/property-offices-nsw-alexandria-501462611" target="_blank">The Mill at 41-43 Bourke Road, Alexandria</a> (pictured above), a 20,176 square metre business precinct comprising 10 commercial buildings, an on-site cafe and one three-storey car park building on an 18,930 square metre site, which sold through a mortgagee sale for $110.2 million;</li>
<li>Pullman Sydney Airport, at 191 O’Riordan Street, Mascot, a 12-storey, five-star hotel, with 229 guest rooms, restaurant, bar and conference facilities, completed in June 2016, which sold for $84 million; and</li>
<li>Kent Business Park, at 55 Kent Road, Mascot, a complex of five high-clearance two-storey warehouse units with small two-storey office sections, and parking for 94 cars on a 11,950 square metre site, which sold for $30 million.</li>
</ul>
<a href="https://www.propertyobserver.com.au/images/2017/01/23/South%20Sydney-2.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/01/23/South%20Sydney-2.jpg" alt="">
Properties listed as for sale in the December 2016 update of South Sydney Cityscope include:
<ul>
<li>Three adjoining properties in Rosebery – at 12-20 Rosebery Avenue, consisting of a modern two-storey office building extending to high-clearance warehouse to Dalmeny Avenue and a smaller building, a high-clearance warehouse with two-storey office section and car space in a paved yard; at 108 Dalmeny Avenue, consisting of a modern two-storey office building and a yard for parking (25 cars) and warehouse access; and at 22-40 Rosebery Avenue, consisting of two high-clearance warehouses with two-level office sections (Building A and Building B), built around 1985; with a combined site area of 15,198 square metre are is available through Colliers International Sydney South;</li>
<li>563-567 Gardeners Road, Mascot, a development site of 948 square metre currently with a two-storey brick building with showroom on ground level and first floor offices and parking to the rear, available through Taylor Nicholas South Sydney; and</li>
<li>96A Denison Street, Hillsdale, consisting of a vacant land and to the rear, a two-storey building with parking space on the ground floor and offices above on a 4,166 square metre site, available through Cushman &amp; Wakefield Sydney.</li>
</ul>
Leasing opportunities in the December 2016 update of South Sydney Cityscope include:
<ul>
<li>1-3A Ricketty Street, Mascot, consisting of an older single-storey brick and corrugated iron warehouse with a two-level office extension and a newer high-clearance warehouse/factory building with a two-level office extension, to the north of the site, which has warehouse and office space ranging from 745 to 1,824 square metre available in Tenancy B and D for lease through Collier’s International Sydney South;</li>
<li>Alexandria Industrial Estate, at 35-39 Bourke Road, Alexandria, consisting of ten single and two-storey high-clearance warehouse buildings with office areas built in 1985 with total building area is 43,600 square metre, comprising 3,826 square metre of office space and 39,774 square metre of warehouse space, has office space of 2,405 square metre in Unit C1 available through Knight Frank Sydney South, JLL Mascot, CBRE South Sydney and Goodman Industrial and</li>
<li>Part of the Lakes Business Park at 2-12 Lord Street, Botany, a complex of office and warehouse buildings, with surrounding on-grade parking areas and a two-level car park, total building area of 48,411 square metre over seven main buildings, which has floor area ranging from 225 to 1,180 square metre available through Dexus Property Group and JLL Mascot.</li>
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South Sydney commercial property sales fall in final months of 2016: Cityscope

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The latest research from South Sydney Cityscope shows property sales for the quarter to September 2016 have increased in terms of total value, according to CoreLogic's latest report.
Sales recorded in the most recent quarter totalled $512.7 million from 58 sales, as compared to the $276.7 million from 39 sales in the quarter to June 2016 and the $286.9 million from 51 sales recorded in the quarter to March 2016.
This quarter brings the twelve-month total value of sales to $1.447 billion from 214 sales, an increase from the $1.111 billion from 400 sales recorded for the previous year.
The table below shows sales recorded for the past eight updates of South Sydney Cityscope.
<a href="/images/2016/09/23/South%20Sydney%20Score%20Card.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/23/South%20Sydney%20Score%20Card.jpg" alt="">
Notable sales in the September 2016 update of South Sydney Cityscope include:
<ul>
<li>Metrolink Corporate Park, comprising Tower A at 201 Coward Street, Mascot and Tower B at 197A Coward Street, Mascot, two seven-storey office and retail buildings providing net lettable areas of 12,700 sqm and 10,253 sqm respectively; together with 299 car spaces and 245 car spaces respectively in the 12-level car park building at 197 Coward Street, Mascot, which sold for $143.4 million; 
</li>
<li>17 O’Riordan Street, Alexandria, a four-storey office building with warehouse and laboratory facilities above basement parking for 97 cars with a net lettable area of 11,907 sqm, which sold for $112.9 million; and 
</li>
<li>Euston Business Park at 215 Euston Road, Alexandria, a four-storey office building with a large high-clearance warehouse to the rear and basement parking, providing 7,577 sqm office spaces and 6,873 sqm warehouse spaces, which sold for $92.5 million.</li>
</ul>
<a href="/images/2016/09/23/South%20Sydney%20Quarterly%20Sale.jpg" target="_blank">Click to enlarge</a>
<img src="/images/2016/09/23/South%20Sydney%20Quarterly%20Sale.jpg" alt="">
Properties listed as for sale in the September 2016 update of South Sydney Cityscope include:
<ul>
<li>Alexandria Creative Park at 41-43 Bourke Road, Alexandria, also known as The Mill, a 20,176 sqm business precinct comprising 10 commercial buildings, an onsite cafe and a three-storey car parking building on a site of 18,930, is available through CBRE; 
</li>
<li>A high-clearance workshop with mezzanine office building on a 949 sqm site at 50-54 McCauley Street, Alexandria, which is scheduled for auction on 13 October 2016 through Colliers International Sydney South; and 
</li>
<li>Unit 9 at 8-10 Burrows Road, St Peters, a 244 sqm two-storey industrial unit with two car parking spaces, which is scheduled for auction on 20 September 2016 through Raine &amp; Horne.</li>
</ul>
Leasing opportunities in the September 2016 update of South Sydney Cityscope include:
<ul>
<li>Office space ranging from 400 sqm to 5,000 sqm in the development at 289 King Street, Mascot, for pre-lease through Knight Frank. The proposed building will comprise a 13-storey building with a 246-bedroom hotel, six office floors, retail space and a 5-storey car park; 
</li>
<li>60 O’Riordan Street, Alexandria, comprising a two-storey office building and two high-clearance warehouse buildings with 100 car parking space on a site of 7,666 sqm, which has 4,589 warehouse space for lease through Link Property Services; and 
</li>
<li>The Solvay Interox Banksmeadow site at 18-22 McPherson Street, Banksmeadow, a chemical and solvents plant, including distillation towers, a high-clearance metal fabricated factory building, a two-storey brick office building and several small brick offices on a site of 43,680 sqm, which has warehouse space of 3,168 sqm available through JLL Mascot.</li>
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